With the growth of the economy through 2013, many industries and manufacturers are investing more of their profits into the expansion of their companies.
National Machinery LLC has made major improvements to its facility and has increased job opportunities over the past year.
Director of Human Resources Jay Kiesel said sales and business activity have increased significantly since the economic recession in 2008-09.
With that growth, National Machinery has been able to hire about 150 new employees and invest more than $10 million in capital investments in the past three years.
In 2013, Kiesel said 50 new employees were hired and $4.3 million was invested in new equipment and improvements to the facility, including the Tooling Technology Center.
The new 11,000-square-foot Tooling Technology Center opened in May and replaced the old tool room. All equipment is to be installed and operational by December 2015.
The investment in the facility renovations and equipment for the center totaled $1.7 million.
Kiesel called the new center a "significant improvement" and that it provided more opportunity to customers along with a new business opportunity for National Machinery.
National Machinery also hosted a career expo in January, which more than 200 people attended in order to apply for positions. Kiesel said jobs still are available for engineers, welders, machine assemblers and machinists.
Human Resources Manager Anne Martin said internal improvements also are being made, such as office renovations, painting and lighting improvements.
Chief Operating Officer Randy Joseph said Laminate Technologies Inc. has invested more than $2.5 million in equipment and facilities over the past 24 months to position the company to capitalize on the rebounding housing market.
Many of the upgrades occurred in the fabrication division, he said. In addition to hiring nine new employees, more manufacturing equipment was purchased, including a new saw and the installation of a new router.
Lam Tech also experienced a more than 23-percent increase in sales from 2012 to 2013, Joseph said.
He also said Laminate Technologies is planning on significant growth in 2014, including more additions of new equipment and personnel as needed to the fabrication division.
According to information from Seneca Industrial and Economic Development Corp., between January 2012 and August 2013, Jacobson Manufacturing created 21 new jobs and built a 40,000-square-foot addition.
Arnold Machine invested about $800,000 in new building and equipment, along with creating 10 new jobs.
Taiho Corp. of America retained 112 jobs and added 45 new jobs, along with investing about $13 million in an expansion.
Toledo Molding and Die Co. invested about $8 million in new equipment.